The First Ever Reality Television Show in the U

question 80

Multiple Choice

 The first ever reality television show in the U.S.proved that it could draw and sustain a large audience over a certain period of time.Other networks created similar shows.The viewers found that many of the new shows were largely copycats and did not think it was worth the effort to watch them.This illustrates the _____ risk that was not considered during the idea screening phase. 

• A) functional
• B) hierarchical
• C) market
• D) internal

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Definitions:

Recognition

The process of formally recording or incorporating an item into the financial statements of an entity.

Incurred Expense

An expense that has been recognized in the accounting period in which it is incurred, regardless of when the payment is made.

Total Liabilities

The sum of all financial debts or obligations a company owes, shown on the balance sheet.

Expense Account

An account where business-related expenses are recorded, often used for tracking purposes for budgeting or tax deductions.